How can I estimate what my house will appraise for after a BRRR?

[Gert Dervishaj]

I'm looking at houses to BRRR in Massachusetts, but I am unsure how to estimate what a potential house would appraise for after. I assume the bank wouldn't appraise it for market value in a sellers market? Unless I'm wrong about that? To anyone who has BRRR'ed in the past, how did you estimate the appraisal value for a refinance?

[Matthew Irish-Jones]

You need to pull comps of similar homes that have sold in the last 6 months.

Within a half mile, same amount of bedrooms,
Same bathrooms, similar sq ft.

That is how the bank will appraise the property as well. If it’s an income property sometimes they will factor in what’s called an income based appraisal. Best bet is market comps though, as they are the safest.